We recommend distributed setup (Distributed Edition):
Yes, you can. Ensure that the existing installation of EventLog Analyzer build is 6000 or later. To convert, you need download the EventLog Analyzer 6.0 or later exe/bin and install as Admin Server and then you need to convert the existing installation of EventLog Analyzer 6.0 or later to Managed Server. Refer the procedure in the below help link:
Procedure to convert existing Standalone Edition EventLog Analyzer installation to Distributed Edition Managed Server
EventLog Analyzer Distributed Edition license will be applied in Admin Server. The number of hosts/applications for which the license is purchased, is utilized among the registered Managed Servers. You can keep adding the hosts/applications in various Managed Servers till the total number of licenses purchased get exhausted. View the number of hosts/applications managed by each Managed Server in the Managed Server Settings page.
If the number of hosts/applications being collectively managed by all the registered Managed Servers, exceed the number of License purchased, a warning message appears in the Admin Server. In that scenario, you have various options.
Purchase license to manage the additional hosts/applications.
The managed/unmanaged status of devices in Managed Server are synchronized with Admin Server during the data collection cycle, which happens at an interval of 5 minutes.